BonkFun has hit yet another ATH for 24-hour tokens launched and revenue: 29,000+ tokens launched in a 24-hour period and $1.84 million in revenue generated yesterday
BonkFun also generated more revenue than Jupiter, Ethereum, and Phantom yesterday
this is the second time BonkFun has generated $1.84 million in 24-hour fees in the past week—an ATH it previously hit on the 18th of July
58% of BonkFun fees directly buys $BONK:
- 50% of fees buys and burns BONK
- 4% of fees buys BONK for the Strategic BONK Reserves
- 4% of fees buys BONK for the BonkRewards program
BonkFun has generated a total of $21.14 million, or an average of $1.32 million daily, in fees since it became the industry's biggest launchpad 16 days ago
as i've been hammering for a while now:
$BONK is the $HYPE trade re-run, and its journey to $10 billion+ market cap has started
I keep hammering that $BONK is the $HYPE trade re-run.
BonkFun has generated an average of $1.29 million in daily fees over the last 15 days.
That's $19.3 million in fees in just 15 days.
58% of that going towards buying $BONK means eight figures of buybacks in half a month.
I.e. over $11 million in buybacks in half a month, with most of the bought tokens being burnt.
That's going to be over $22 million in buybacks monthly.
Take a moment and let that sink in.
It's also worth noting that BonkFun’s market share and dominance have only been increasing recently:
BonkFun hit its largest launchpad market share day ever just three days ago: 81.72%!
Yeah, that’s BonkFun owning 81.72% of the entire launchpad market.
And it generated $1.84 million in fees on that day.
This is despite on-chain activity looking mostly dead/boring lately.
What do you think is going to happen when on-chain action returns, when BonkFun starts having days with $5 million in fees?
Many are significantly underexposed to $BONK and bonk eco here IMO.
BONK’s journey to $10 billion+ market cap has only just begun.
GOD WILLING.
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